Common use of Fixed Salary Clause in Contracts

Fixed Salary. Gilo shall receive a fixed annual salary of Three Hundred Thousand Dollars ($300,000). The Corporation agrees to review the fixed salary following the end of each twelve (12) month period during the employment term based upon Gilo's services and the Corporation's financial results during the calendar year, and to make such increases as may be determined appropriate in the discretion of the Corporation's Board of Directors.

Fixed Salary. Gilo shall receive a fixed annual salary of Three Hundred Fifty Thousand Dollars ($300,000350,000). The Corporation agrees to review the fixed salary following on, or before, January 1, 2001, and thereafter at the end of each twelve (12) month period calendar year during the employment term based upon Gilo's services and the Corporation's financial results during of the calendar yearCorporation, and to make such increases as may be determined appropriate in the sole discretion of the Corporation's Compensation Committee or Board of Directors.